In the aftermath of the vote, “global risks have now shifted ever further to the downside,” Mr. Powell said in remarks prepared for delivery at an event in Chicago Tuesday. Last week’s vote in the U.K. to leave the European Union has heightened risks to an already fragile global economy and prompted the Federal Reserve to adopt a more patient posture as it considers future interest-rate moves, Fed governor Jerome Powell said.

Source: Wall Street Journal June 28, 2016 22:52 UTC